ABC renews 'Shark Tank'

ABC has confirmed that reality show Shark Tank will return for a second season.

The program - a US adaptation of UK series Dragons' Den - originally ran for one season in 2009. It was previously reported that the network was considering revamping the show and planning to add "a high-profile 'shark' or two to the panel".

IT mogul Robert Herjavec, TV host Kevin O'Leary, real-estate millionaire Barbara Corcoran, infomercial pioneer Kevin Harrington and FUBU founder Daymond John are all believed to be returning for the second season.

Comedian and television host Jeff Foxworthy will also join the 'sharks' for at least three of the eight commissioned episodes.